Whale Accumulation
Crypto analyst Ali Martinez has revealed that deep-pocketed investors have scooped up a whopping 700 million DOGE, valued at $112 million, in just three days.
Bearish Sentiment
Despite this sudden surge in whale activity, the market sentiment for Dogecoin remains gloomy, reaching levels similar to those before its 200% rally in February.
Rival Shiba Inu
Martinez also observed a significant influx of Shiba Inu (SHIB) into crypto exchanges, with over $103 million worth of SHIB being transferred in the past two weeks.
Ethereum Whales on the Rise
In the realm of Ethereum, the number of wallets holding over 10,000 ETH has been increasing, suggesting a shift towards accumulation.
